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Class 11 Economics MCQ Chapter 9 Introduction
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. NCERT Class 11 Economics Objective Type Solutions are part of All Subject Solutions. Here we have given AHSEC Class 11 Economics Multiple Choice Question and Answer, HS First Year Economics MCQ Solutions for All Chapters, You can practice these here.
Introduction
Chapter: 9
PART – (B) INTRODUCTORY MACROECONOMICS
| MCQ |
1. Which of these is not a cause of economic problems?
(a) Unlimited wants.
(b) Limited resources.
(c) Exchange.
(d) Alternate uses.
Ans. (c) Exchange.
2. _______of resources is necessary for the development of the economy.
(a) Utilisation.
(b) Growth.
(c) Wastage.
(d) Non Utilisation.
Ans: (b) Growth.
3. In macroeconomics, analysis is often simplified by focusing on:
(a) Specific real commodities.
(b) A single imaginary commodity.
(c) Multiple types of labour.
(d) Government and household sectors.
Ans: (b) A single imaginary commodity.
4. ________economy has to face the basic economic problems.
(a) Market.
(b) Centrally Planned.
(c) Mixed.
(d) Every.
Ans: (d) Every.
5. The activities which are linked with use of goods and services for the satisfaction of wants directly are known as:
(a) Production.
(c) Distribution.
(b) Consumption.
(d) Exchange.
Ans: (b) Consumption.
6. Economic problems arise due to:
(a) Unlimited human wants.
(b) Alternative uses of resources.
(c) Scarce resources.
(d) All of the above.
Ans: (d) All of the above.
7. When prices are going up across the economy, this is termed as:
(a) Depression.
(b) Deflation.
(c) Inflation.
(d) Stagnation.
Ans: (c) Inflation.
8. Which of the following is the subject-matter study of microeconomics?
(a) Money supply.
(b) Aggregate demand.
(c) Market demand for goods.
(d) National Income.
Ans: (c) Market demand for goods.
9. General Equilibrium in microeconomics refers to:
(a) Equilibrium in the overall economy.
(b) Equilibrium of supply and demand in each market.
(c) A focus on inflation rates.
(d) The study of macroeconomic variables.
Ans: (b) Equilibrium of supply and demand in each market.
10. Which of the following subject- matter does not study in macroeconomics?
(a) Employment level.
(b) Aggregate supply.
(c) National income.
(d) Determination of market price
Ans: (d) Determination of market price.
11. Positive economic analysis deals with things as:
(a) ‘they ought to be’.
(b) ‘they are’.
(c) Both (a) and (b).
(d) None of the above.
Ans: (b) ‘they are’.
12. Adam Smith is known as the founding father of:
(a) Sociology.
(b) Modern economics.
(c) Political science.
(d) Physics.
Ans: (b) Modern economics.
13. Normative economic analysis deals with the things as:
(a) ‘they ought to be’.
(b) ‘they are’.
(c) Both (a) and (b).
(d) None of these.
Ans: (a) ‘they ought to be’.
14. Macroeconomics deals with:
(a) Theory of distribution.
(b) Theory of income and employment.
(c) Theory of economic growth.
(d) All of the above.
Ans: (d) All of the above.
15. In which year was John Maynard Keynes born?
(a) 1884
(b) 1882
(c) 1885
(d) 1883
Ans: (d) 1883
